National SME Incubator Scheme

The National SME Incubator Scheme which was announced in the 2016/17 Budget Speech by the Minister of Finance and Economic Development has been set up and will become operational in January 2017. The objective of the Scheme is to assist young Mauritians to transform their innovative ideas into concrete business ventures and to become successful entrepreneurs.

The Scheme will operate on a public-private partnership principle through accredited private business incubators. The private sector groups will initially invest in the infrastructure and facilities, manage the centre and provide mentoring, marketing and other support services to incubatees.

Such support will be provided over a two-year cycle in three stages namely, Pre-incubation, Incubation and Acceleration. Government will provide financial support by co-sharing with the business incubators part of the cost of operation and of support services.

A Steering Committee has been set up under the Ministry of Finance and Economic Development to work out the guidelines, to accredit business incubators under the Scheme and to approve the disbursement of Government contribution.

Project applications from potential incubatees will be evaluated by a Panel of Independent Experts.

Posted by on Dec 30 2016. Filed under Economie. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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